Econodynamics: The Theory of Social Production, Third Edition By Vladimir N. Pokrovskii
English | PDF,EPUB | 2018 | 315 Pages | ISBN : 3319720732 | 9.55 MB
This book, now in its third edition, explores how human populations grow, based on their creative abilities. To reconsider the theory of economic growth from a physicist's perspective, the book analyses the concepts of value and utility and their relationship to thermodynamic concepts. This approach allows the author to include characteristics of technology in descriptions of development and to formulate a phenomenological (macroeconomic, no-price fluctuations are discussed) theory of production as a set of evolutionary equations in one-sector and multi-sector approximations. The theory is proved to be useful for describing both national economies and global production in ancient times.